Algiers, Algeria 19 May 2025 – The Islamic Development Bank (IsDB) Group launched its 2025 Annual Meetings in Algiers with a high-level side event titled “Digital Solutions for Empowering MSMEs and Fostering Socio-Economic Development.” The session gathered prominent leaders from government, finance, and technology sectors to explore ways to accelerate digital inclusion and support the growth of micro, small, and medium-sized enterprises (MSMEs) in member countries.

In his keynote remarks, IsDB Vice President (Operations) Dr. Rami Ahmed stressed the urgency of digitally empowering MSMEs, calling it “not only timely, but a development prerequisite.” He noted the central role MSMEs play in job creation, innovation, and inclusive growth, especially in vulnerable communities. “Together, let us transform digital potential into tangible progress and ensure that MSMEs are placed at the heart of our digital development journey,” he urged.

In alignment with the Bank’s realigned strategy for 2023–2025, Dr. Rami Ahmed reaffirmed IsDB Group’s commitment to supporting MSMEs through flagship initiatives, including the Technology Deployment Cooperation Program (TDCP) and the Herfati Program. He reiterated that these programs aim to modernise MSMEs, improve market access, and enhance entrepreneurial capacity, especially among underserved and disadvantaged communities.

The event was moderated by Mrs. May Ali Babiker, Director of the IsDB’s Cooperation and Capacity Development Department, who opened the session by emphasizing the transformative role of digital solutions. “MSMEs are the backbone of our economies, and digital empowerment is no longer a luxury it’s a necessity,” she said. Mrs. Babiker stressed the importance of partnerships, knowledge-sharing, and targeted digital capacity development to bridge access gaps and unlock economic potential.

Delivering national perspectives, H.E. Nourredine Ouadah, Algeria’s Minister of Knowledge Economy, Startups, and Microenterprises, outlined the government’s efforts to develop a conducive ecosystem for MSME digital transformation, including supportive infrastructure and startup-friendly policies.

Ms. Dayu Dara Permata, CEO and Co-Founder of Pinhome (Indonesia), shared her experience scaling digital platforms to empower MSMEs. Drawing from her background with Gojek and Pinhome, she emphasized the need to address barriers such as digital literacy and market access, particularly for women and rural entrepreneurs.

Dr. Nasser Heider, Director General of Al Salam Bank, Algeria, spoke on the role of Islamic banking in expanding inclusive digital financial services. He underscored that digital transformation must be designed to leave no one behind, particularly underserved communities.

Mr. Adil Alsharif, Officer-in-Charge Director General of the Islamic Solidarity Fund for Development (ISFD), highlighted how development institutions can play a catalytic role through funding, technical support, and programs tailored to the realities of Least Developed Member Countries (LDMCs), where internet infrastructure and digital literacy remain key challenges.

Panel discussions also addressed the practical application of digital tools from mobile banking and e-commerce platforms to AI driven analytics and their capacity to improve MSME productivity, competitiveness, and employment generation.

Key Takeaways:

• Governments must enable digital ecosystems through infrastructure, regulation, and incentives.
• Digital tools can significantly reduce poverty and create economic resilience in underserved areas.
• Tailored capacity-building programs are essential to bridge the digital divide and ensure MSMEs are not left behind.
• Inclusive digital platforms offer scalable solutions for income generation and community development.

The event reflected the IsDB Group’s strategic focus on innovation, inclusive growth, and partnerships, as outlined in its Realigned Strategy 2023–2025.

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